knowing a big event like brexit or this US election, the spike in candlestick, is it still valid to take into consideration of chart patterns or any chart reading?

Scary

fuu EU only i trade all major pair
alright bro thank you

if fundamental still the same yes

btw trumpolicy coming

lol i dunno the answer for this question...

Looks like eu going downhill tonight

if u had unlimited money what strategies would u use to make sure that u always win ??

once u understand my question then u get to see how the market works

hard to imagine because in reality won't have unlimited money? Most likely is averaging down....

i mean basic market movement,
if u had unlimited money and able to push the market what kind of movement will u generate. thats what bankers advantage over us.
they had unlimited amount of money

the market doesnt move according to technical analysis. market moves based on order size.

at the exchange, to move a single pip requires around usd20Mil during active hours.
so those crazy swings one swing move 50pips in a few miliseconds are worth billions of dollars.

so why these fellas with billions wanna obey your technical analysis ?
they use technical analysis to trap you.

This post has been edited by AllnGap: Nov 10 2016, 07:51 AM

hi

i think eurusd will bounce back to 1.1000 level, will see what happen

Just wanna share some basic things to new trader or anyone PEACE~
THIS IS JUST A GUIDELINE!!!!
Risk Reward Ratio
R:R
200usd account
risk 10%=20usd
2usd per lot
2usd per lot divided to 5 order (so that we can po other pair and split the risk into smaller)
2/5=0.4
tp 30pip (tp 3 order) 36usd
sl 10 pip (sl 2 order) 8usd
total earn 28usd
28usd x5 days= 140usd
new balance 340usd
withdrawal 10% = 34 usd
after withdrawal 306usd

306usd modal
risk 10%=30.6usd
3.06 per lot
3.06 per lot / 5= 0.61
tp30pip x3 54.9usd
sl 10 pip x2 12.2usd
42.7 x5 days= 213.5usd
new balance 519.5usd
withdrawal 10% = 51.95 usd
after withdrawal 467.55usd

467.55usd modal
risk 10%=46.75
4.68 per lot
4.68 per lot / 5= 0.94usd
tp30pip x3 84.15
sl 10 pip x2 18.8
65.35 x5days= 326.75usd
new balance 794.3usd
withdrawal 10% = 79.43 usd
after withdrawal 714.87

714.87usd modal
risk 10%=71.487
7.15 per lot
7.15 per lot / 5= 1.43usd
tp30pip x3 128.68
sl10pip x2 28.6
100.08 x5 days= 500.4usd
new balance 1215.27usd
withdrawal 10% = 121.53
after withdrawal 1093.74

1093.74usd modal
risk 10%=109.37
10.94 per lot
10.94 per lot / 5= 2.2usd
tp30 pip x3 198
sl 10 pip x2 44
154 x5days= 770usd
new balance 1863.74
withdrawal 10% = 186.37
after withdrawal 1677.37

Market makers... then may I know how you trade usually if not using technical analysis? Just trying to learn and understand more from all the sifus here...

Thx for the tips. Good money management.

it's not market makers, the market basically accumulates (whack both sides for no reasons), breaks then moves to another point.
there are no permanent bull/bear.
when direction changes, everyone change sides.

the basics condition is to buy low, sell high to make money.

identify where is the low/high range of the current move.
if it's broken has it retest yet ?
if not there's your most likely pullback and there's your entry.

the market is always learning and ever changing.
like lets say Trump wins USD down. i saw many many ppl said that.
did EU went up yesterday ?? (it's now lower than where it started. whats that ?? MANIPULATION. did it obey your technical analysis ?? ask yourself if are god why u wanna listen to puny humans ?? )

nah the market anticipate what u gonna do and fucks ur plan.
remember forex is a zero sum game.
u win money means someone on the other hand has to lose money.

so the other side tries to outsmart u. they have more money than you, they see your orders, they know your positions, they know where's your stop loss. you dont see how the system works, you become plankton. they are forever the sperm whales.

observe the movements according to time, candle size.
which kinds of movement did it followed ? US followed asian ? asian followed US ??
why sometimes u see some spikes then faded away ?? which area was that ?? why u see multiple times of retest over and over again ??
once u see all these, then u know technical analysis is just very small part of trading.

This post has been edited by AllnGap: Nov 10 2016, 02:23 PM

it's basically a warfare.

if it wants to go up, they will shake u out of the game, send it down deeper, so u think it's gonna go down. (moving average all show down)
once u go short position, they are on the other side.
then drag it higher and higher, then u lose money.

i smell eurusd gonna dip down abit more maybe 50 more pips

AllnGap so your point i think is more to price action then since you said maret moves based on order size? technical analysis involves a bit of price action i thought or is entirely different thing?

in these example, is basically risking 2% in each order with a R:R of 1:3 right? and you compound it with every consistent 5 trades of 3W 2L, withdraw and repeat?

price follows volume (order size). even with price action, what kind of price action will have higher percentage or higher relevance

backtest using M1 charts and see where are the big candles (if average M1 candle less than 3pip, then multiply that by factor of 3~4 only to qualify as sudden big candles,)
draw horizontal lines around those big candles which are constantly tested many many times.

then observe what happens the next day when price retest those horizontal lines.
those are the levels which the banks use the most.




if u understand gambling theory and how casino win money, then u understand that not every price level has the same Risk : Reward.

same goes with bankers, they push it to that purple level to get better price (or to close their losing short position), then the price continue going up.
if the price breaks below purple box area, means the buyer already lost, so buyer turned seller, price would most likely go down.

these critical levels exists everyday, not so accurate if apply to cross pair because of 2 in 1.

This post has been edited by AllnGap: Nov 10 2016, 04:29 PM